The shares of supermarket companies and mass merchandisers took a beating along with many other blue chip stocks during last week's market decline. The Standard & Poor's 500 closed late last week at 1,117.58, having lost more than a quarter of its value since peaking at 1,527.46 a year ago. "You used to think [supermarkets] were the safe place to be, but currently nearly all the stocks are down," said Jack Russo, analyst with A.G. Edwards & Sons, St. Louis, last week. Doug ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.